Retirement Plan Services

Plan Design | Plan Administration, Compliance Testing and Government Filings | Advisory and Consulting Services 

The LBA Group’s Retirement Plan Services division is a third-party administrator (TPA) to defined contribution and defined benefit plans. Our retirement plan experts, with over 75 years of combined experience in the field, provide consulting, compliance and advisory services for sponsors of qualified retirement and fringe benefit plans.

Our retirement plans are:

  • Based upon a comprehensive analysis to determine the appropriate fit for each client situation;
  • Designed to reduce your tax burden and optimize your contributions;
  • Compliant with all applicable rules, regulations and requirements of ERISA, The Department of Labor and the Internal Revenue Service; and
  • Administered by certified experts using a proactive approach.

Meet the Team

Retirement Plan Services Team

Bob McKendry, CPC, QPA, QKA, CFP®
Partner, LBA Retirement Plan Services

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Team:

Wanda Couch, ERPA, QPA, QKA, Operations Manager

Lynn Harden, QPA, QKA, Senior Plan Consultant

Steve Ford, Plan Consultant

Beth Hohl-Asbury, Plan Consultant

Retirement Plan Services Videos


Plan Design

With so many options available to today’s employers, it takes experience and expertise to design the right plan to accomplish your goals.  The retirement plan professionals at The LBA Group work hand-in-hand with you to formulate the right solution for your needs, whether it is a traditional profit sharing, defined benefit, cash balance, cross-tested/new comparability, 401(k), 403(b), SEP or SIMPLE plan.

As we work with you and help guide you through the process of designing and customizing a plan to meet your needs and budget, our plan design services include:

  • Preparation of Customized Plan Design Studies based on your criteria
  • Preparation of Plan Document and related forms
  • Preparation of Plan Funding Policy
  • Preparation of Summary Plan Description
  • Preparation of Qualified Domestic Relations Order Procedure
  • Preparation of Participant Loan Program
  • Plan Amendments
  • Summary of Material Modifications
  • IRS Approved Documents with favorable opinion letters

Plan Administration, Compliance Testing and Government Filings

We pride ourselves on personalized, responsive and proactive annual services to ensure operational compliance.  Your plan will have a designated administrator who will be your primary point of contact.  Annual services include

  • Determination of employee eligibility
  • Determination of contribution eligibility
  • Annual Employer profit sharing contribution calculation & allocation
  • Annual Employer matching contribution calculation & allocation
  • Forfeiture calculation & allocation
  • Preparation of annual trust accounting reconciliation (Statement of Assets & Statement of Income & Expenses)
  • Key Employee determination
  • Highly Compensated Employee determination
  • Employee Vesting determinations

Participant loans and distributions have steadily been on the increase over the last few years.  As this can be a highly sensitive and emotional situation, and can be extremely time consuming, the retirement plan professionals at The LBA Group, through our high-touch service model, take the burden off of your HR Department.  Whenever possible, we deal directly with participants and former employees to minimize your need to spend valuable time on plan related issues.

Compliance and Testing Services

Pursuant to the ERISA testing requirements of the IRS and the DOL, The LBA Group can perform the following annual compliance and testing services for your plan:

  • Maximum deduction limit testing
  • Annual Minimum Coverage testing
  • Annual Employee Deferral limit testing
  • ADP/ACP non-discrimination testing
  • Top-Heavy testing
  • Compensation testing (Section 414(s))
  • General Nondiscrimination testing 

Written Report Deliverables

As part of our plan administration services, The LBA Group provides, on an annual basis, written reports relative to the following areas of your company’s plan:

  • Recap of Testing Results
  • Employee Census with eligibility status
  • Contribution Analysis
  • Non-Discrimination Testing Reports
  • Top-Heavy Testing Report & Status
  • Fidelity Bond Update
  • Summary Annual Report
  • Recap of Plan Issues and Recommended Action Plan

Statutory Filing Services

Based on the type of retirement plan you have in place, there are specific tax filings related to that plan that are required to be filed on an annual basis.  The LBA Group prepares and assists you in filing the relevant tax forms.

Advisory and Consulting Services

The retirement plan professionals at The LBA Group provides advisory and consulting services to assist employers and plan sponsors with non-compliant plans resulting from failures to comply with the rules and regulations governing qualified retirement plans. We stay on top of the latest legislative and regulatory developments to keep you up-to-date and in compliance.  These advisory and consulting services include:

  • Benefit distribution processing
  • Required minimum distribution calculations
  • Participant loan calculations & processing
  • IRS or DOL audit assistance
  • Correction of compliance testing failures
  • Late deposit corrections
  • Form 5330 preparation
  • Qualified Domestic Relation Orders (QDROs)
  • Earned Income calculations for self-employed
  • Payroll system interface issues
  • Investment platform conversions
  • Contribution deposit reconciliation
  • Plan termination amendments
  • Plan corrections (pursuant to EPCRS)
  • Plan amendment analysis and preparation
  • Protected benefit analysis for plan mergers
  • Plan Mergers and Spin-offs (acquisitions and sales)